Condo Inventory Private Loan

Debt | San Francisco, CA

Mortgage for private residential condominiums located in San Francisco, California.

Investment Details

Investment Type
Debt
Property Type
Multifamily
Location(s)
San Francisco, CA
Number of Units/Homes
118 units

Transaction Details

Acquired
February 17, 2021
Invested Capital
$15 million
Interest Rate
LIBOR+ 8.25%
(25 bps LIBOR floors)
Loan-to-Appraised-
Value Ratio
67%

Investment Details

Investment Type
Debt
Property Type
Multifamily
Location(s)
San Francisco, CA
Number of Units
118 units

Transaction Details

Acquired
February 17, 2021
Invested Capital
$15 million
Interest Rate
LIBOR+ 8.25%
(25 bps LIBOR floors)
Loan-to-Appraised
Value Ratio
67%

Mortgage for private residential condominiums located in San Francisco, California.

Asset Highlights

buildings
The Avery is a newly built 56-story, 118-unit condominium and 350-unit apartment building primely located in San Francisco.
Property Income
Structured with 2–3-year terms and various extensions subject to meeting multiple tests and sales thresholds.
shield
We believe our prudent loan structure and significant equity cushion provide downside protection while offering strong risk-adjusted returns.